Question

Mike makes a commission of 10% on each tv set sold at his store. Each tv costs $880 on average. How much money will he make as commission if he sells 25 tv sets

Answer 1

Mike will make $2,200 as commission if he sells 25 TV sets.

Explanation:

To calculate the amount of money Mike will make as commission, we need to determine 10% of the total cost of the TV sets he sells.

First, let's find the total cost of the 25 TV sets. Each TV costs $880, so the total cost of the 25 sets is:

25 * $880 = $22,000

Next, we can calculate Mike's commission by finding 10% of the total cost. To find 10%, we divide the total cost by 10:

$22,000 / 10 = $2,200

Therefore, Mike will make $2,200 as commission if he sells 25 TV sets.